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Modeling producer behavior by using the third-order translog cost function

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A Translog Cost Function Analysis of U.S. Agriculture, 1939–77

American Journal of Agricultural Economics, 1982
AbstractThe translog cost function provides a convenient framework for analyzing U.S. agricultural production in a multioutput context. Treating crops and livestock as two distinct outputs, this study utilizes standard results of neoclassical duality theory to obtain measures of pairwise elasticities of substitution between inputs, price elasticities ...
Subhash C Ray
exaly   +3 more sources

Investigating hospital efficiency in the new NHS: The role of the translog cost function

Health Economics (United Kingdom), 1995
AbstractThe reforms to the United Kingdom's National Health Service (NHS) of recent years have greatly increased the role of economic incentives in the hospital sector. Hospitals now have to compete for the business of GP and health authority purchasers and are assumed to have an incentive to minimise costs.
Anthony Scott
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Modeling allocative inefficiency in a translog cost function and cost share equations: An exact relationship

Journal of Econometrics, 1997
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Subal Kumbhakar
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A translog cost function of the integrated air freight business: The case of FedEx and UPS

Transportation Research, Part A: Policy and Practice, 2014
Abstract This paper analyzes the cost structure of the integrated air freight business by means of a translog cost function. This allows to extend knowledge on the supply side and to examine if strategies of integrators are consistent with cost structure. The cost function is based on quarterly time-series data from 1990 to 2010 for FedEx and UPS.
Hilde Meersman, Eddy Van De Voorde
exaly   +3 more sources

Import Demand for India: A Translog Cost Function Approach

Economic Development and Cultural Change, 1984
Most developing countries depend heavily on imported resources in the form of raw materials or supplemental capital to increase their per capita income. However, most of the conventional macromodels have neglected the factor input aspect of imports.
Mohabbat, Khan A, Dalal, Ardeshir, Williams, Martin   +2 more
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The Translog Cost Function and Import Demand: The Case of Mexico

Southern Economic Journal, 1994
The purpose of this paper is to estimate for Mexico an aggregate transcendental logarithmic cost function which includes imports as a factor of production. The nature of Mexico's demand for imports will be given particular attention, since this relationship has implications for the outcomes of many government policies, including changing tariff rates ...
Lila J. Truett, Dale B. Truett, Bobby E. Apostolakis   +2 more
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A Translog Cost Function for Urban Bus Transit

The Journal of Industrial Economics, 1981
SEVERAL authors-among them Fisher and Viton [8], Keeler et al. [i2], Pozdena [I 7], and Small [22, 23] have pointed out the apparent superiority of bus transit over other forms of mass transit. The conclusions of these analyses rest on the following framework: in a given transportation market structure, consider the full costs of providing a trip of ...
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Imposing local concavity in the translog and generalized Leontief cost functions

Economics Letters, 2000
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Ryan, D. L., Wales, T. J.
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